Surplus/Shortage Combinations

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Created by
Avery W

Cards (8)

  • Increase supply = decrease price level + increase quantity
  • Decrease supply = increase price level + decrease quantity
  • Increase demand = decrease price level + increase quantity
  • Decrease demand = increase price level + decrease quantity
  • Increase demand/increase supply = indeterminate price level + increase quantity
  • Increase demand/decrease supply = increase price level + indeterminate quantity
  • Decrease demand/decrease supply = indeterminate price level + decrease quantity
  • Decrease demand/increase supply = decrease price level + indeterminate quantity